Connecticut-2016-HB05226-Introduced


General Assembly		*Proposed Bill No. 5226*
*February Session, 2016*		LCO No. 282
		00282
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
REP. BUCK-TAYLOR, 67th Dist.

AN ACT CONCERNING THE ALLOCATION OF THE REAL ESTATE CONVEYANCE TAX.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

That section 12-494 of the general statutes be amended to reduce the state portion of the real estate conveyance tax from three-fourths of one per cent to one-half of one per cent, and increase the municipal portion of such tax from one-fourth of one per cent to one-half of one per cent.

Statement of Purpose:

To reduce the state portion of the real estate conveyance tax and increase the municipal portion of such tax.